Cost of Living Comparison Between Akranes and Akureyri Cost of Living Comparison Between Akranes and Akureyri

😐 Solo nomad: Akranes is 72.6% more expensive than Akureyri without rent, and 19.6% more expensive with rent.

😐 Family of 3: Akranes is 69.3% more expensive than Akureyri without rent, and 63% more expensive with rent.

Meal at Budget Restaurant

$27.06 ISK 3,386

$24.36 ISK 3,049

11.08%

Three-Course Dinner for Two, Mid-Range

$144 ISK 18.0K

$129 ISK 16.1K

12.20%

Fast Food Meal (McDonalds, etc)

$22.09 ISK 2,764

$22.26 ISK 2,786

-0.76%

Cappuccino

$5.98 ISK 748

$4.94 ISK 618

21.05%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$3.12 ISK 390

$3.40 ISK 426

-8.24%

Water (0.33 liter bottle)

$2.43 ISK 304

$2.94 ISK 368

-17.35%

Local Beer (0.5 liter draught)

$10.49 ISK 1,313

$10.83 ISK 1,355

-3.14%

Imported Beer (0.33 liter bottle)

$7.95 ISK 995

$9.15 ISK 1,145

-13.11%

Milk (1 liter)

$1.95 ISK 244

$2.75 ISK 344

-29.09%

White Bread (500g)

$2.00 ISK 250

$2.26 ISK 282

-11.50%

Rice (white) (1kg)

$3.56 ISK 445

$2.97 ISK 372

19.87%

Eggs

$5.90 ISK 739

$8.20 ISK 1,026

-28.05%

Local Cheese (1kg)

$18.35 ISK 2,297

Chicken Fillets (1kg)

$24.33 ISK 3,045

$23.90 ISK 2,991

1.80%

Beef Round Steak (1kg)

$41.63 ISK 5,210

Apples (1kg)

$3.22 ISK 403

Banana (1kg)

$2.43 ISK 305

Oranges (1kg)

$2.96 ISK 370

Tomato (1kg)

$4.85 ISK 607

Potato (1kg)

$3.52 ISK 440

Onion (1kg)

$2.33 ISK 291

Lettuce (1 head)

$3.06 ISK 383

Water (1.5 liter bottle)

$1.95 ISK 244

Cigarettes 20 Pack (Marlboro, Camel)

$13.41 ISK 1,678

$13.29 ISK 1,663

0.90%

Wine (Bottle)

$23.60 ISK 2,954

Local Beer (0.5 liter bottle)

$2.84 ISK 355

Imported Beer (0.33 liter bottle)

$2.04 ISK 256

One-way Ticket (Public Transport)

$3.51 ISK 440

Public Transport Monthly Pass (Regular Price)

$72.0 ISK 9,015

Taxi Start (Normal Tariff)

$6.50 ISK 813

Taxi (Normal Tariff) (1km)

$1.04 ISK 130

Taxi 1hour Waiting (Normal Tariff)

$86.8 ISK 10.9K

Gasoline (1 liter)

$2.55 ISK 319

$2.58 ISK 323

-1.16%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$46.9K ISK 5.9M

$39.8K ISK 5.0M

17.74%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$52.4K ISK 6.6M

$64.6K ISK 8.1M

-18.86%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$89.3 ISK 11.2K

$120 ISK 15.0K

-25.66%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$27.35 ISK 3,422

$25.46 ISK 3,186

7.42%

Internet (50+ Mbps, Unlimited Data)

$85.2 ISK 10.7K

$160 ISK 20.0K

-46.74%

Gym Membership (Monthly)

$82.2 ISK 10.3K

Cinema Ticket

$17.78 ISK 2,225

$14.83 ISK 1,856

19.89%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$321 ISK 40.1K

$355 ISK 44.4K

-9.59%

International Primary School, 1 Child (Yearly)

$29.6K ISK 3.7M

Jeans (Levis 501 Or Similar)

$141 ISK 17.7K

$80.5 ISK 10.1K

75.28%

Summer Dress (H&M, Zara, etc)

$61.2 ISK 7,652

Sport Shoes (Adidas, Nike)

$180 ISK 22.5K

$120 ISK 15.0K

49.66%

Men's Leather Business Shoes

$267 ISK 33.5K

1-bedroom Apartment, City Center (Monthly)

$3,016 ISK 377.5K

$1,742 ISK 217.9K

73.20%

1-bedroom Apartment, Outside City Center (Monthly)

$1,896 ISK 237.2K

$1,788 ISK 223.8K

6.00%

3-bedroom Apartment, City Center (Monthly)

$4,768 ISK 596.6K

3-bedroom Apartment, Outside City Center (Monthly)

$3,568 ISK 446.5K

$2,094 ISK 262.0K

70.41%

Buy Apartment in City Center (m2)

$6,470 ISK 809.7K

Buy Apartment Outside City Center (m2)

$6,520 ISK 816.0K

Average Monthly Net Salary (After Tax)

$5,728 ISK 716.8K

20-Year Fixed Mortgage Interest Rate (Annual %)

9.63

9.4

2.45%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Akranes: March 1, 2026

Last update for Akureyri: March 3, 2026

City Median Internet Speeds Comparison (Updated December 2025)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

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